Delaware Ivy VIP Energy

Delaware Ivy VIP Energy

Key features

Fund managers deep expertise in the commodity markets helps to understand the business, its competing advantage, and the associated risk-reward dynamics.

The Fund focuses on long-term fundamentals and investment in secular change. It seeks to take advantage of global opportunities and manage risk through diversification

The Fund looks across energy sectors to find those best positioned in each market environment including the current framework of the energy transition.

Daily pricing as of 02/23/2024

NAV
NAV 1-day net change
Max offer price
$5.03

Total net assets as of 01/31/2024

All share classes
$82.0 million

Overview

Series information
Inception date 04/28/2017
Dividends paid (if any) Annual
Series identifiers
CUSIP 46600H638

Benchmark

S&P 1500 Energy Sector Index (view definition)

Performance

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Average annual total return as of month-end (01/31/2024)

Returns for less than one year are not annualized.

Benchmark lifetime returns are as of the Fund's inception date.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Average annual total return as of quarter-end (12/31/2023)

Returns for less than one year are not annualized.

Benchmark lifetime returns are as of the Series' inception date.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Expense ratio

Gross
0.98%
Net
0.98%

The performance and expense ratio information shown represent the performance and fees as they relate to actual shares of the Series. These examples do not include any fees or sales charges imposed by the variable insurance contract for which the Series is an investment option. If they were included, your costs would be higher and performance would be lower. Investors should consult the contract prospectus or disclosure documents for more information.

Calendar year total returns @ NAV

Year
Annual return
Year
Annual return
2023
4.24%
2022
50.85%
2021
42.33%
2020
-36.67%
2019
3.74%
2018
-33.97%

Portfolio

Portfolio characteristics as of 01/31/2024

Number of holdings
31
Market cap (median) Source: FactSet
$6.9 billion
Market cap (weighted average) Source: FactSet
$48.3 billion
Portfolio turnover (last fiscal year)
85%
Beta (relative to S&P 1500 Energy Sector Index) (view definition)
0.84
Annualized standard deviation, 3 years (view definition)
27.63

Portfolio composition as of 01/31/2024
Total may not equal 100% due to rounding.

Domestic equities
72.2%
International equities & depositary receipts
26.3%
Cash, cash equivalents and other assets
1.5%

Top 10 holdings as of 01/31/2024

Holdings are as of the date indicated and subject to change.

List may exclude cash and cash equivalents. Please see the Series' complete list of holdings for more information.

Holdings based by issuer.

Holding
% of portfolio
Holding
% of portfolio
SHELL PLC
7.79
MARATHON PETROLEUM CORP
6.93
VALERO ENERGY CORPORATION
6.79
CONOCOPHILLIPS
6.70
CHESAPEAKE ENERGY CORPORATION
6.20
TOURMALINE OIL CORP (PRE-MERGER)
5.87
PERMIAN RESOURCES CORPORATION
5.21
CHORD ENERGY CORP
4.68
SCHLUMBERGER NV
4.59
VALARIS LTD
4.19

Total % Portfolio in Top 10 holdings - 58.95%

List of monthly holdingsList of quarterly holdings

Sector allocation as of 01/31/2024

List may exclude cash, cash equivalents, and exchange-traded funds (ETFs) that are used for cash management purposes. Please see the Series’ complete list of holdings for more information.

Sector
% of portfolio
Sector
% of portfolio
Oil & Gas Exploration & Production
46.6%
Integrated Oil & Gas
18.3%
Oil & Gas Refining & Marketing
13.7%
Oil & Gas Equipment & Services
5.5%
Oil & Gas Drilling
4.2%
Oil & Gas Storage & Transportation
3.6%
Electrical Components & Equipment
2.3%
Agricultural Products
1.9%
Coal & Consumable Fuels
1.0%
Heavy Electrical Equipment
0.4%

Management

Sam Halpert

Sam Halpert 

  • Managing Director, Head of Global Natural Resources Equity
  • Start date on the Fund: November 2021
  • Years of industry experience: 30
  • Read bio
Geoffrey King

Geoffrey King 

  • Senior Vice President, Portfolio Manager — Global Natural Resources Equity
  • Start date on the Fund: November 2021
  • Years of industry experience: 20
  • Read bio

Fees

Annual portfolio operating expenses
Management fees 0.85%
Distribution and service (12b-1) fees none
Other expenses 0.13%
Total annual portfolio operating expenses 0.98%

Please see the prospectus and SAI for additional information.

1Net expense ratio reflects a contractual waiver of certain fees/and/or expense reimbursements from May 1, 2023 through April 30, 2024. Please see the fee table in the Portfolios' prospectus for more information.

1The Fund’s investment manager, Delaware Management Company (Manager), has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) in order to prevent total annual fund operating expenses from exceeding 1.13% of the Fund’s average daily net assets from April 30, 2021 through April 30, 2022. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund.

Resources

Carefully consider the Portfolios' investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Portfolios' prospectus and its summary prospectus, which may be obtained by visiting delawarefunds.com/vip-literature or calling 800 523-1918. Investors should read the prospectus and the summary prospectus carefully before investing.

The Fund’s investment manager, Delaware Management Company (Manager), may permit its affiliate, Macquarie Investment Management Global Limited (MIMGL) to execute Fund security trades on behalf of the Manager. The Manager may also seek quantitative support from MIMGL.

Investing involves risk, including the possible loss of principal.

Diversification may not protect against market risk.

Because the Portfolio invests more than 25% of its total assets in the energy related industry, the Portfolio may be more susceptible to a single economic, regulatory, or technological occurrence than a portfolio that does not concentrate its investments in this industry. Investing in companies involved in one specified sector may be more risky and volatile than an investment with greater diversification.

Risk is increased in a concentrated portfolio since it holds a limited number of securities with each investment having a greater effect on the overall performance.

Investing in the energy sector can be riskier than other types of investment activities because of a range of factors, including price fluctuation caused by real and perceived inflationary trends and political developments, and the cost assumed by energy companies in complying with environmental safety regulations.

The Portfolio may invest in Initial Public Offerings (IPOs), which can have a significant positive impact on the Portfolio’s performance that may not be replicated in the future.

Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Russell.

Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis, and other severe weather-related phenomena generally, and widespread disease, including pandemics and epidemics, have been and can be highly disruptive to economies and markets, adversely impacting individual companies, sectors, industries, markets, currencies, interest and inflation rates, credit ratings, investor sentiment, and other factors affecting the value of the Portfolio’s investments. Given the increasing interdependence among global economies and markets, conditions in one country, market, or region are increasingly likely to adversely affect markets, issuers, and/or foreign exchange rates in other countries. These disruptions could prevent the Portfolio from executing advantageous investment decisions in a timely manner and could negatively impact the Portfolio’s ability to achieve its investment objective. Any such event(s) could have a significant adverse impact on the value and risk profile of the Portfolio.

All third-party marks cited are the property of their respective owners.

Nothing presented should be construed as a recommendation to purchase or sell any security or follow any investment technique or strategy.

You can check the background of your investment professional on FINRA's BrokerCheck.